In practice, with foundations with an audit requirement the question arises as to the type and extent of the auditing, in particular where the foundation holds participations in subsidiaries. This article examines in general the audit requirement in foundation law and looks in particular as to whether the examination of auditing reports and/or company documents of subsidiaries is a requirement to assess the proper use and management of the foundation assets according to the foundation purpose and its existence.

Article in: Liechtensteinische Juristen-Zeitung (LJZ), journal no. 1, March 2018, 39^th volume, p. 43-50.

Manuel Walser

If an employee works hours in addition to the maximum amount of working time per week allowed by the Employment Act, the employer must pay the employee, on his/her request, for the overtime hours a statutory supplement of 25% in addition to his/her base salary. This also applies even if an agreement has been made on lump-sum remuneration for overtime hours in the employment contract.

Article in: LANV info, journal no. 1, February 2017, 60^th volume, Triesen, p. 9.

Manuel Walser

A major factor in deciding on the place of arbitration is what effect a jurisdiction grants to arbitral awards. This article looks at the point in time when the arbitral award becomes legally binding, what effects it has, the conditions under which it enters into force and effect for the parties involved and whether or under what conditions its legal force is extended to third parties.

Article in: Liechtensteinische Juristen-Zeitung (LJZ), journal no. 4, December 2016, 37^th volume, Vaduz, p. 68-80.

Manuel Walser

This article provides an overview of arbitration law and mediation as well as foundation and trust law in Liechtenstein. It deals with the ratification of the New York Convention, the attitude of the courts and authorities in Liechtenstein on alternative dispute resolution (ADR), the use of ADR provisions in trust and foundation instruments, the mandatory implementation of ADR and the enforcement of such decisions.

Article in: Grant Jones and Peter Pexton (Eds.), ADR and Trusts: An international guide to arbitration and mediation of trust disputes, Spiramus Press Ltd, London, p. 310-318.

Manuel Walser